6 bed semi-detached house for sale in Moulsecoomb Way, Brighton BN2, £470,000

470,000.00

Offer Nr.:
56626535
Type of ad:
for Sale
Property type:
6 bed semi-detached house
Bedrooms:
6
Bathrooms:
2
Reception rooms:
1
Contact name:
Coapt
Phone(s):
01273 083242

* Furnished
* Freehold
* Investment opportunity
* 6 Bedroom HMO
* High standard throughout
* 2 Bathrooms
* AST until August 2024
* Gross rental income of £34, 320pa
* Rental potential of £42, 120pa
* Rental yield of 7. 3%
* Rental yield potential of 8. 7%
Investment opportunity - 6 Bedroom HMO freehold - Student rental property
With a recently renovated kitchen this sizeable 6 bedroom house offers lots of
space for socialising and relaxing, both inside and out. Located in
Moulsecoomb it has terrific transport links to both the city centre and the
city’s universities, with local amenities just around the corner.
The ground floor has a new, light and airy kitchen/diner at the rear with a
small boot room that leads out into the two tiered garden, with a small WC and
the first, large double bedroom to the front of the property.
On the first floor are a further three double bedrooms and a sleek,
contemporary bathroom. The property continues up to the second floor, into the
eaves, where the two remaining bedrooms are located with a shower room in
between them.
The current owner is only letting to a group of 5 students on an AST agreement
until August 2024, the house presently earns £2860pcm / £34, 320 gross rental,
therefore currently achieving a 7. 3% yield. In previous years when the
property has been let to groups of six, with an achievable rental figure of
around £42, 120 per annum.

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